SMM blog

Click on the envelope icon below to get this blog delivered to your inbox

Are the new banks any good for savings accounts?

Here’s some good news. Inflation fell last month to 1.8%, which is its lowest level for two years. While that’s obviously good news when you go shopping you may not realise that it also has an effect on your savings. If inflation is at 1.8%, then you need to earn at least that in interest otherwise ...
Continue reading
  66 Hits
  0 Comments

What are the best savings accounts?

Do you know if your savings account is any good? With inflation currently at 2.1%, you need to get at least that not to see the money in your savings account losing its spending power. Sadly, that’s impossible with an easy access account. You can beat inflation on fixed rates, however. Here’s our pi...
Continue reading
  162 Hits
  0 Comments

SMM REVIEW: should you sign up to the Hargreaves Lansdown savings hub?

Finally a useful financial product. Hargreaves Lansdown has come up with an online cash savings hub called Active Savings. You simply put your money in the hub and then give instructions online to feed it into your choice of savings accounts offered by the hub’s partner banks. The advantage of being...
Continue reading
  562 Hits
  0 Comments